NWE 3.4 began sell signals from 25 March beginning with a large doji which was the first Heiken Ashi candle to have a wick on the downside. That candle also could be seen as a bearish harami which denotes that the buying has stopped. On the 29 March there was a break and close below the 8ema which would have been another sell signal for many. On the 6 Apr there was a break and close below a pivot low which is another sell signal which was also a break and close below the 34ema. Price is still below a swing low, below the 8ema and below the 34ema. Thursday there was a test of the 34ema where it appeared the selling might have stopped but Friday price was driven under the 34ema which is a fail to find support at that important moving average.
- Forums
- ASX - Day Trading
- Day traders' bring-on-the-weekend lounge April 8 - 10
Day traders' bring-on-the-weekend lounge April 8 - 10, page-65
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online